In the News: Liberal Economic Backlash

Week of March 30, 2009

News Item: President Barack Obama’s administration has drawn fire from left-leaning economists for continuing to bail out banks with hundreds of billions in taxpayer money. Some observe how this is a continuation of George W. Bush’s administrative policies. Many of these economists had been supportive of Obama’s bid for the presidency in the lead up to the November 2008 election. Paul Krugman, 2008 winner of the Nobel Prize in Economics; Joseph Stigletz, former World Bank Chief Economist; and Robert Reich, Secretary of Labor in the Clinton administration; among others, argue that greater spending on social programs and infrastructure will have a more positive influence on the economy in the long term than propping up banks destined for failure.

Contributed by James F. Tracy, Assoc. Professor, Communication and Multimedia Studies


The Conscience of a Liberal
By Paul Krugman. W.W. Norton & Co., 2007
Call Number: HC110 .I5 K74 2007

The Economists’ Voice: Top Economists Take on Today’s Problems
Edited by Joseph E. Stiglitz, Aaron S. Edlin, J. Bradford DeLong. Columbia UP, 2008
Call Number: HC106.83 .E26 2008

Fair Trade for All: How Trade Can Promote Development
By Joseph E. Stiglitz and Andrew Charlton. Oxford UP, 2005
Call Number HF1413 .S85 2005

The Future of Success
By Robert B. Reich. A. Knopf, 2001
Call Number: HD8072.5 .R45 2000

The Great American Deception: What Politicians Won’t Tell You About Our Economy and Your Future
By Ravi Batra. J. Wiley, 1996
Call Number: HF1753 .B38 1996 (At Jupiter – May be borrowed through ILL services)

The Great Unraveling: Losing Our Way in the New Century
By Paul Krugman. W.W. Norton, 2003
Call Number: HC106.83 0K78 2003

I’ll Be Short: Essentials for a Decent Working Society
By Robert B. Reich. Beacon Press, 2002
Call Number: JK468 .P64 R44 2002

Making Globalization Work
By Joseph E. Stiglitz. W.W. Norton & Co., 2005
Call Number: HF1359 .S753 2006 (At Jupiter – May be borrowed through ILL Services)

The Myth of Free Trade: A Plan for America’s Economic Revival
By Ravi Batra. C. Scribner’s Sons, 1993
Call Number: HF1455 .B328 1993

The New Golden Age: The Coming Revolution Against Political Corruption and Economic Chaos
By Ravi Batra. Palgrave, 2007
Call Number: JF1081 .B38 2007

Reason: Why Liberals Will Win the Battle for America
By Robert E. Reich. A. Knopf, 2001
Call Number: JC574.2 .U6 R45 2004 (At Jupiter – May be borrowed through ILL services).

The Return of Depression Economics
By Paul Krugman. W.W. Norton, 1999
Call Number: HB3716 .K76 1999 (Also at Jupiter)

The Self-Organizing Economy
By Paul Krugman. Blackwell Publishers, 1996
Call Number: HB199 .K75 1996

Stability with Growth: Macroeconomics, Liberalization and Development
By Joseph Stiglitz et al. Oxford UP, 2006
Call Number: HB172.5 .S694 2006

Supercapitalism: The Transformation of Business, Democracy, and Everyday Life
By Robert B. Reich. Alfred A. Knopf, 2007
Call Number: JK275 .R45 2007

The Three Trillion Dollar War: The True Cost of the Iraq Conflict
By Joseph E. Stiglitz and Linda J. Bilmes. W.W. Norton, 2008.
Call Number: DS79.76 .S698 2008 (At Jupiter – May be borrowed through ILL services)

The Work of Nations: Preparing Ourselves for 21st Century Capitalism
By Robert B. Reich. Vintage Books, 1992
Call Number: HC106.8 .R456 1992